BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains buy on Firstsource Solutions
Overall Q4 was a good quarter for Firstsource with delivery on both revenues and margins. More consistent execution is needed for re-rating of stock. We remain positive on the stock on account of its cheap valuations and strong cash flow generation. Value stock at 10 times FY18 estimated earnings per share.